Does A Higher Down Payment Reduce Mortgage Costs?
Автор: Adults Investment Plan
Загружено: 2026-01-24
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Considering a home purchase and wondering if a larger upfront payment really makes a difference to your long-term costs? This video breaks down how a higher down payment can significantly impact your mortgage expenses, saving you money for years to come.
Here's why increasing your down payment is a smart financial move:
► You borrow less, which directly reduces the total interest paid over the life of the loan.
► Lenders see you as less risky, potentially qualifying you for a lower interest rate.
► Putting down 20% or more often allows you to avoid costly Private Mortgage Insurance (PMI).
► A lower Loan-to-Value (LTV) ratio can unlock more favorable mortgage terms and substantial savings.
#MortgageCosts, #DownPayment, #HomeBuyingTips, #FinancialPlanning, #RealEstateFinance, #AdultsInvestmentPlan
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